Al-Khalidi: Reforming the port system will support Iraq’s treasury.
Al-Khalidi: Reforming the port system will support Iraq’s treasury.
9-5-2025
Information/Baghdad
Former Parliament Rapporteur Mohammed Othman Al-Khalidi confirmed on Friday that reforming Iraq’s port system could contribute approximately 10% of annual revenues to the Iraqi treasury.
Al-Khalidi told Al-Maalouma News Agency: “Iraqi ports constitute strategic economic facilities, especially since they constitute a significant portion of non-oil revenues. However, there are many question marks regarding the mechanisms of operation and the possibility of exploiting the significant opportunities available.”
He added, “Completing the multi-stage reform process of the port system, working to eliminate any suspicions of financial and administrative corruption, and automating exchanges and transactions, could transform port revenues into a significant figure that would support Iraq’s treasury by 10% annually, reducing pressure on oil sales and the challenges of global price fluctuations.”
He pointed out that “Iraq will remain in a difficult economic situation if the path is not corrected and a diversified economy is not created, far from its near-total dependence on oil sales,” explaining that “more than 90% of the treasury’s revenues come from oil sales and are used to pay wages, loans, dues to ministries and agencies, and annual salaries.”
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